Off The Wires

Zimbabwe diamond miners plan to sue Govt.

Zimbabwe Diamond Mining Company planned to sue the government for breach of contract after it banned gem mining in the east of the country.

EFF throws weight behind Eskom in Exxaro BEE row

THE Economic Freedom Fighters (EFF) has thrown its political weight behind Eskom saying that coal supplier, Exxaro Resources, should be black-controlled before supplying coal...

Agarwal seeking joint ventures between Vedanta and Anglo

VEDANTA chairman, Anil Agarwal, would not seek a seat on the board of Anglo American, the UK-listed mining group in which he has invested...

NUM had “in depth” talks with DMR on mining charter

THE National Union of Mineworkers had "in depth stakeholder engagement" with South Africa's Department of Mineral Resources (DMR) regarding the impending mining charter redraft,...

Fairtree Hedge Fund triples market return

Betting on declining fortunes for mining firms as well as the banks that lend to them benefited Cape Town fund manager, Fairtree Hedge Fund.

Glencore to keep Joburg listing after opting to cut Hong Kong

GLENCORE, the Swiss headquartered mining and marketing group, would retain its Johannesburg Stock Exchange (JSE) listing, said the Financial Times. The group, which today reported...

Rozier ends 13 year tenure at Eastplats

Ian Rozier, CEO of Eastern Platinum, has resigned after a 13 year stint which ended with the mothballing of its South African operations.

First Quantum asks Zambia attorney-general to quash charges

FIRST Quantum Minerals, a Toronto-listed company that mines copper in Zambia, has written to the southern African country's attorney-general in an effort to block...

Molefe pleads innocence in Parliament as coal deals sent to SIU

COAL supply deals signed by Eskom more than 10 years ago would be referred to a special investigating unit, said Businesslive citing the comments...

US rate cuts likely to boost 2018 Debswana diamond sales

DEBSWANA Diamond Mining, a joint venture between the Botswana government and De Beers, which is 85% owned by Anglo American, expected strong diamond demand this...